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News

  • TEDxCapeTown live stream coming to a browser near you

    Another TEDx event is hitting the Cape Town tech scene which will "showcases inspirational ideas" in the vein of which TED conferences are revered for. According to TED.com, "TEDx was created in the spirit of TED's mission, 'ideas worth spreading.' The programme is designed to give communities, organisations and individuals the opportunity to stimulate dialogue through TED-like experiences at the local level." The Cape Town edition of the event, which will take place on 21 July, wants to showcase Africa's growing role in the tech world. "We want partnerships, not aid. We are majestic and innovative, and proud to be...

  • PNet acquires Jobs.co.za, scores a premier domain name

    PNet.co.za, a leading South African online recruitment service provider, has acquired Jobs.co.za. The deal will see new enhancements for improved user experience coming to Jobs.co.za, as well as a renewed focus on driving the right candidate traffic to the site, ensuring clients have access to quality candidates. PNet is owned by saongroup.com -- an international online recruitment and software company. The acquisition of of Jobs.co.za will further strengthen saongroup.com Africa's position in the...

  • Intel makes second Africa investment with Ghana’s Rancard

    Africa's tech hubs are coming into their own and now more than ever, the continent is ripe for the taking. It seems Intel is in agreement. The chip maker has announced that it will invest in a cloud company based in Ghana, reports The Next Web. The company in question, Rancard Solutions Limited ("Rancard"), claims to be "a leading provider of cloud based software for mobile content discovery and delivery, focused on Africa". Kofi Dadzie, CEO of Rancard, believes the investment "will play a vital role in enabling us to expand our footprint across Africa" which will aid the...

  • Lights, camera, valuation: Silicon Valley reality show on track for later this year

    A new reality show announced earlier this year, tentatively titled "Silicon Valley" is shaping up to be a riot, by the looks of things. The New York Times published an update on the show's progress and provides some insight into what viewers can expect. The show is set to air in the latter part of the year and being a Bravo TV production, the show is sure to ruffle a few tech industry feathers as it explores the "raucous reality of the tech industry in 2012." As reported earlier, Mark Zuckerberg's older sister, Randi is an an executive producer of the...

  • NYSE-listed company snaps up Cape Town digital agency HelloComputer

    A few weeks ago, speculation hit the media circuit that Draftfcb, a global advertising agency owned by the New York Stock Exchange-listed Interpublic Group (IPG), was in talks to buy a Cape Town-based award-winning digital agency called HelloComputer. It's true: HelloComputer has been bought! In an exclusive interview with the shareholders of HelloComputer, we learned that this acquisition will see Draftfcb’s current digital arm, Mesh Interactive, be absorbed by HelloComputer. At the helm of HelloComputer is co-founder Mark Tomlinson and Managing Director David Moffatt, who have been in the digital space for more than a decade. Moffatt, who also happens...

  • Naspers set to go on Eastern European buying spree

    Emerging markets internet giant Naspers has some serious expansion plans, with an eye on Eastern Europe in particular. Naspers CEO Koos Bekker told Bloomberg that the US$18-billion company was hoping to add between 10 and 20 companies to it's already extensive portfolio of internet businesses. “We see some investment opportunities in the ecommerce space, although opportunities are lower than we’ve had in the past,” Bekker said, adding that the company would take its pick from 100-200 potential acquisitions. That's down from the nearly 300 the company had looked at every year for the past two years. In its earnings...

  • Emerging market fund launched for digital media innovation

    A well-known New York-based fund that focuses on emerging market media has launched an early-stage fund for entrepreneurs developing digital news and information businesses. The fund, called Digital News Ventures, has been launched by the Media Development Loan Fund (MDLF). The MDLF, which operates out of Prague, has invested more than $113-million in 79 independent news companies in 27 countries, mainly emerging markets, since 1995. It backs up all of its debt and equity investments with strategic advice and business assistance. Digital News Ventures will provide early-stage equity finance from $30 000 to $300 000 to entrepreneurs whose ideas...

  • New startup 22seven under fire from banks [Updated]

    The high-profile launch of new financial management startup 22seven has faced some early criticism, from the very institutions it relies on: The banks. Prolific tweeter and CEO of First National Bank (FNB) Michael Jordaan tweeted yesterday that he thought 22seven was a "cool concept", but warned "against disclosing password(s) to any 3rd party". He ended his tweet with this ominous warning: "Risk all yours". Getting tweets re 22seven. Cool concept but have to advise...

  • MIH kills group-buying site Dealify

    Another day, and another Groupon clone bites the dust. After a whirlwind gold-rush to emulate the incredible success of Groupon, there has been nothing but bad news in a recession-hit economy for the hundreds of thousands of group-buying clones out there. (Yes, we know there are exceptions). Emerging markets media and internet giant, Naspers is going to shut down Dealify, its late entry into the group-buying space, after just a few months in existence. "MIH has decided shut down Dealify, that I can confirm," MIH CEO of Platforms Stephen Newton told Memeburn. MIH is the media giant’s investment arm, with...

  • Breaking news: Visa, Fundamo unveil emerging markets MCommerce product

    Visa, the world’s largest credit and debit card network, has unveiled a new product that allows people to access a prepaid account through their mobile phone. The product, which appears to be nameless, was developed in conjunction with Fundamo, a leading South African mobile money platform bought out by Visa for $110m earlier this year. The mobile banking solution is aimed specifically at emerging markets and, according to Visa, offers "unbanked...